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    Alton, IL
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    Alton, IL Multifamily Properties for Sale

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    12 properties
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    Historic Four-Unit Guest House
    Updated: Jul 22
    Historic Four-Unit Guest House

    617 State Street, Alton, IL 62002

    $485,000
    4,300 sqft 0.21 AC lot
    4,300‑square‑foot furnished residence configured as 4 separate living units
    Built in 1861 with brick construction, hardwood floors, high ceilings, and four fireplaces
    Each unit includes a kitchen and appliances
    Lower‑level suite offers a private entrance, lookout windows, and private brick patio
    0.2076‑acre corner lot with brick‑sided courtyard, gazebo, privacy fencing, and gated access
    View details
    Remodeled Two-Unit Duplex
    Updated: Jul 22
    Remodeled Two-Unit Duplex

    821 Alby Street, Alton, IL 62002

    $124,900
    3,258 sqft 0.22 AC lot
    Two‑unit duplex with 2‑bedroom/1‑bathroom and 3‑bedroom/2‑bathroom residences
    Larger unit recently remodeled with updated finishes
    3,258 square feet on a 0.2204‑acre lot
    Built in 1891 with wood siding
    Forced‑air heating and window or wall/window cooling units
    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    1011 State Street, Alton, IL 62002

    $225,000
    3,826 sqft 0.21 AC lot

    Two-story layout includes efficiency and one- and two-bedroom apartments.

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    See hot listings in Alton

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Historic Quadplex with Courtyard
    Historic Quadplex with Courtyard

    617 State St, Alton, IL 62002

    $485,000
    4,300 sqft 0.21 AC lot

    Four furnished living units include individual kitchens and appliances.

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    Four-Unit Quadplex with Vacancy
    Four-Unit Quadplex with Vacancy

    612 Mechanic Street, Alton, IL 62002

    $139,000
    1,594 sqft 0.17 AC lot

    Four compact residential units include a current vacancy alongside established tenancy and practical apartment layouts.

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    Mixed-Use Building with Patio
    Mixed-Use Building with Patio

    119 W 3rd Street, Alton, IL 62002

    $699,000
    0.06 AC lot

    Brick property combines commercial space with four residential apartments.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    3-Unit Rental Property
    3-Unit Rental Property

    2713 College Avenue, Alton, IL 62002

    $209,000
    2,140 sqft 0.17 AC lot

    Three apartments include one two-bedroom unit and two one-bedroom units with off-street parking.

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    Remodeled Duplex
    Remodeled Duplex

    821 Alby St, Alton, IL 62002

    $124,900
    3,258 sqft

    Two-unit residential property with distinct bedroom and bathroom layouts, including one recently updated residence.

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    Renovated Four-Unit Mixed-Use Building
    Renovated Four-Unit Mixed-Use Building

    2356 State Street, Alton, IL 62002

    $215,000
    0.13 AC lot

    Brick property combines renovated apartments and commercial suites with individual electrical service, storage, laundry, and off-street parking.

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    Two-Unit Duplex Property
    Two-Unit Duplex Property

    504 MARSH Avenue, Alton, IL 62002

    $119,000

    Vinyl-sided duplex with central air, forced-air heating, and off-street parking.

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    Four-Unit Apartment Property
    Four-Unit Apartment Property

    612 Mechanic St, Alton, IL 62002

    $139,000
    1,594 sqft

    Four residential units combine established tenancy with one vacant unit for flexible occupancy or leasing plans.

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    Two-Building Apartment Property
    Two-Building Apartment Property

    2705 College Ave, Alton, IL 62002

    $980,000

    Multifamily asset near the Dental College with coin-operated laundry and tenant-paid utilities, excluding trash service.

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    Based on your search, we've compiled 42 Potential Opportunities for your consideration. Besides 12 Active listings in Alton, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 25 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Occupied Quadplex
    Fully Occupied Quadplex

    91 N Stanley Road, Cottage Hills, IL 62018

    $165,000
    2,989 sqft 0.23 AC lot

    Single-level four-unit property with a varied bedroom mix, private storage sheds, and on-site parking.

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    Occupied Four-Unit Property
    Occupied Four-Unit Property

    91 N Stanley Rd, Cottage Hills, IL 62018

    $165,000
    2,989 sqft

    Single-level layout with varied unit mix, storage sheds, and on-site parking.

    View details
    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    602 Wood River Ave, Wood River, IL 62095

    $60,000
    2,555 sqft

    Includes a storefront area, two apartments, and B1 Neighborhood Business zoning.

    View details
    Mixed-Use Building with Storefront
    Mixed-Use Building with Storefront

    602 Wood River Avenue, Wood River, IL 62095

    $60,000
    2,555 sqft 0.14 AC lot

    Two apartments accompany the ground-floor commercial area, which includes a three-quarter bath and space for a kitchenette.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Concrete Pad
    Commercial Land with Concrete Pad

    17039 Hillside Lane, Jerseyville, IL 62052

    $70,000
    2.10 AC lot

    Unzoned parcel with a concrete pad and new electric and water service.

    View details

    Off-Market Properties in Alton, IL

    Consider similar Off-Market properties in Alton, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2500 Donald Ave
    APARTMENT HOUSE (5+ UNITS)

    2500 Donald Ave, Alton, IL 62002-2817

    Estimated value:
    $245,000
    2,485 sqft 0.21 AC lot
    View details
    310 Ml St
    APARTMENT HOUSE (5+ UNITS)

    310 Ml St, Alton, IL 62002-6130

    Estimated value:
    $410,000
    2,690 sqft 0.40 AC lot
    View details
    635 5th St
    APARTMENT HOUSE (5+ UNITS)

    635 5th St, Alton, IL 62002-2679

    Estimated value:
    $270,000
    1,024 sqft 0.15 AC lot
    View details
    418 3rd St
    APARTMENT HOUSE (5+ UNITS)

    418 3rd St, Alton, IL 62002-2411

    Estimated value:
    $280,000
    4,867 sqft 0.17 AC lot
    View details
    319 3rd St
    APARTMENT HOUSE (5+ UNITS)

    319 3rd St, Alton, IL 62002-2407

    Estimated value:
    $230,000
    1,120 sqft 0.19 AC lot
    View details
    620 9th St
    APARTMENT HOUSE (5+ UNITS)

    620 9th St, Alton, IL 62002-3623

    Estimated value:
    $150,000
    4,218 sqft 0.14 AC lot
    View details
    10 Riv Reach Ct
    APARTMENT HOUSE (5+ UNITS)

    10 Riv Reach Ct, Alton, IL 62002-7393

    Estimated value:
    $11,785,000
    14,976 sqft 0.08 AC lot
    View details
    9 Riv Reach Ct
    APARTMENT HOUSE (5+ UNITS)

    9 Riv Reach Ct, Alton, IL 62002-7396

    Estimated value:
    $11,785,000
    7,920 sqft 0.39 AC lot
    View details
    13 Riv Reach Ct
    APARTMENT HOUSE (5+ UNITS)

    13 Riv Reach Ct, Alton, IL 62002-7395

    Estimated value:
    $11,785,000
    11,900 sqft 0.04 AC lot
    View details
    6 Riv Reach Ct
    APARTMENT HOUSE (5+ UNITS)

    6 Riv Reach Ct, Alton, IL 62002-7389

    Estimated value:
    $11,785,000
    7,920 sqft 0.41 AC lot
    View details
    14 Riv Reach Ct
    APARTMENT HOUSE (5+ UNITS)

    14 Riv Reach Ct, Alton, IL 62002-7391

    Estimated value:
    $11,785,000
    11,998 sqft 0.32 AC lot
    View details
    5 Riv Reach Ct
    APARTMENT HOUSE (5+ UNITS)

    5 Riv Reach Ct, Alton, IL 62002-7388

    Estimated value:
    $11,785,000
    7,920 sqft 0.45 AC lot
    View details

    Alton, IL Multifamily Properties Market Trends and Statistics

    Explore 37 multifamily properties for sale in Alton, IL, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 24,270 square feet of properties for sale, with an estimated market value of $3,944,800.

    Sale prices for multifamily properties in Alton, IL start at $119,000, averaging $328,733, and reaching up to $980,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 3
    Duplexes 3
    Quadplexes 3
    Short term rental properties 2
    Triplexes 1

    Demographics Overview

    Population 30K
    Population Growth (5Y) -3.3%
    Median Household Income $57,851
    College Educated 32.2%

    High-Yield Neighborhoods for Investment

    Identify Alton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62002 $366.1K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Madison County

    Residential Income

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    Tarrant & Harman Real Estate and Auction Co.
    3644 Fosterburg Rd. Alton, IL 62002
    Phone: 16184339436
    www.tarrantandharman.com
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